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Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 2:54 pm
by BullBear52x
Heck wrote:
BullBear52x wrote:Next buy dip setup.
Gotta admire your trading
taking a lost is part of daily routine when thing doesn't go our way. :D

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:03 pm
by brokebybernacke2
Back from Costco.
no masks, packed, people stocking up on garden hoses and big patio umbrellas.
Nothing is wrong...

Re:

Posted: Fri Feb 28, 2020 3:05 pm
by brokebybernacke2
MrMiyagi wrote:Google employee in Zurich tests positive for COVID, market drops. People are out of their minds thinking this is the Black Plague.
death rate is 3.5% , reported. 5 and above, might be dark brown plague. number to watch.

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:07 pm
by BullBear52x
This is a classic bear trap. will see stop at 80.

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:12 pm
by ccash04
Am I crazy to think this could close green?

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:13 pm
by Al_Dente
BAC wants a half point (50 bp) cut in march
futures say there is 49% odds of a FIFTY BASIS POINT cut

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:14 pm
by ccash04
Al_Dente wrote:BAC wants a half point (50 bp) cut in march
futures say there is 49% odds of a FIFTY BASIS POINT cut
Even 30 year is below FF rates, I'd say if that stays, the Fed would have to cut ASAP have no choice.

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:16 pm
by BullBear52x
ccash04 wrote:Am I crazy to think this could close green?
Closed higher than open will be good enough for dip swing buyers, I will not want to hold on unless, we got bullish reversal bar closed. for me tomorrow is another day.

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:17 pm
by Al_Dente
Couple minutes ago:
Steve Liesman, whom we know has a pipeline into the Fed, says the Fed does not want to cut rates

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:23 pm
by ccash04
Junk/High Yield bonds look to have bottomed this morning (for the day)...

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:26 pm
by Al_Dente
UPDATE
Two year sector performance
Remember when I posted this and noted all the divergences
Sure, you never listen to me
Can't take you anywhere
228two year.png

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:33 pm
by BullBear52x
Nailed it, :mrgreen:

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:34 pm
by Al_Dente
now:
Liesman live on cnbc read an “unusual” Fed statement
“We will use all our tools” etc
[hence bounce]

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:35 pm
by QED
Seldom does the market find a bottom on a Friday …
Monday should be interesting!

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:36 pm
by BullBear52x
Text book Hook action, can not lose now even if it trades back down, risk management is in full force.

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:47 pm
by mattchessen
BB25-How the heck did you know it would bounce off 80

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:50 pm
by BullBear52x
mattchessen wrote:BB25-How the heck did you know it would bounce off 80
previous support line, or you can see it as IHS. (BB52, not 25 :D )

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:53 pm
by BullBear52x
We are fighting resistance atm. breakout and hold will be BIG

Re: 02/28/2020 Live Update

Posted: Fri Feb 28, 2020 3:59 pm
by Al_Dente

Posted: Fri Feb 28, 2020 4:10 pm
by MrMiyagi
BullBear52x wrote:Text book Hook action, can not lose now even if it trades back down, risk management is in full force.
That chart is too technical for me.